Poly United's net profit attributable to shareholders in 2025 recorded a loss of 8.49 billion yuan, with blasting services revenue increasing to 65.72% of total revenue but experiencing a significant decline in gross margin.

In 2025, the company's revenue increased slightly by 2.84% year-on-year to RMB 6.691 billion, but its attributable net loss amounted to RMB 849 million, marking a significant decline of 2,331.70% year-on-year, with losses concentrated in the year-end quarter. The proportion of blasting services revenue rose to 65.72%, yet the gross profit margin for this segment plummeted by 5.25 percentage points. Operating cash flow plunged by 69.70%, and the asset-liability ratio reached 88.09%, intensifying financial pressures.

lanjinger.comApr 29 15:12

Poly United: Special Explanation on the Retroactive Adjustment of Financial Statements Resulting from a Business Combination Under Common Control Involving Poly United Chemical Holdings Group Co., Ltd.

SZSIApr 29 00:00 · Announcements

Poly United: First Quarter Report for 2026

SZSIApr 29 00:00 · Announcements

Poly United: 2025 Annual Report

SZSIApr 29 00:00 · Announcements

Poly United: Summary of the 2025 Annual Report

SZSIApr 29 00:00 · Announcements

Poly United (002037.SZ): Chairman Liu Wensheng resigns

Gelonghui, March 31st - Poly United (002037.SZ) announced that it recently received a resignation letter from its chairman, Mr. Liu Wensheng. Due to a job transfer, Mr. Liu Wensheng has applied to step down from his positions as chairman of the seventh board of directors, director, convener of the board’s strategic decision-making committee, and legal representative of the company. After his resignation, he will no longer hold any other positions within the company.

Gelonghui FinanceMar 31 17:05